Financial terms of the deal were not disclosed, but Pyramid says that the transaction will help accelerate its ability to seize on industry growth opportunities and deliver continued product innovation.
Pyramid adds that the acquisition will mean the business is better positioned to navigate an evolving industry and ensure overall stability of its operations.
“This is an exciting announcement for us that we believe will yield important benefits for all our staff, customers and suppliers, whilst ensuring the development of our business and relationships,” Pyramid’s managing director Dennis Morgan comments.
“Pyramid Display will operate as a standalone company in the Grimco portfolio and will retain the Pyramid Display name and brand. It will continue to be run by the same experienced management team that is in place today and remain headquartered in Manchester.”
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